What is a Proprietary Trading Firm?
A proprietary trading firm, or prop firm, is a financial institution that provides traders with capital to trade in financial markets. Unlike retail trading, where individuals use their own money, prop firms allow traders to use the firm’s capital in exchange for a profit split. This structure benefits both the trader and the firm traders get access to larger positions, while the firm earns a percentage of the profits.
Benefits of Trading with a Prop Firm
- Access to Capital: Traders can trade larger positions without risking personal funds.
- Leverage and Buying Power: Increased leverage allows for higher returns on successful trades.
- Lower Financial Risk: Losses are limited to the firm’s capital, not the trader’s personal funds.
- Support and Training: Many firms offer mentorship, educational resources, and community support.
About Quant Tekel Prop Firm
Quant Tekel is a leading proprietary trading firm that provides traders with access to firm capital, enabling them to trade across various financial markets. The firm was established to support traders by offering funding opportunities, structured evaluation programs, and a fair profit-sharing system. Quant Tekel is committed to helping traders succeed by providing a well-defined trading environment with clear rules and guidelines.
Key Features of Quant Tekel Prop Firm
- Flexible Evaluation Programs: Choose from 1-step, 2-step, or 3-step evaluations.
- No Time Constraints: Traders can take as long as needed to meet profit targets.
- Competitive Profit Splits: Earn a significant share of trading profits.
- Scaling Plans: Grow account sizes with consistent performance.
- Risk Management Support: Guidelines to help traders stay disciplined and profitable.
- Multiple Trading Instruments: Trade forex, commodities, indices, and stocks.
- Educational Support: Access to resources, mentorship, and market insights.
Why Choose Quant Tekel?
Quant Tekel stands out due to its trader-friendly approach, offering fair trading conditions, transparent rules, and a flexible evaluation system. Unlike some prop firms with rigid deadlines, Quant Tekel allows traders to progress at their own pace. Additionally, the firm provides a pathway for skilled traders to scale their accounts and maximize their earnings without the financial risks associated with retail trading.
Quant Tekel Evaluation Programs
Before a trader can receive a funded account, they must complete an evaluation process. Quant Tekel offers multiple evaluation programs, each with specific objectives and risk parameters.
1-Step Evaluation Program
- Profit Target: 10% of the account balance.
- Maximum Daily Loss: 3% of the account balance.
- Maximum Loss: 6% of the account balance.
- Minimum Trading Days: 5 days.
- Time Limit: No time constraints.
Successful traders receive a funded account without additional evaluation phases.
2-Step Evaluation Program
Phase 1:
- Profit Target: 7%
- Maximum Daily Loss: 3%
- Maximum Loss: 6%
- Minimum Trading Days: 4 days
- Time Limit: No time constraints.
Phase 2:
- Profit Target: 5%
- Maximum Daily Loss: 3%
- Maximum Loss: 6%
- Minimum Trading Days: 4 days
- Time Limit: No time constraints.
After completing both phases, traders receive a funded account.
3-Step Evaluation Program
This program has three phases, each with the following criteria:
- Profit Target: 6%
- Maximum Daily Loss: 4%
- Maximum Loss: 8%
- Minimum Trading Days: 4 days
- Time Limit: No time constraints.
Detailed Breakdown of Quant Tekel Trading Rules
1. Maximum Daily Loss
Traders must not lose more than a set percentage of their account balance within a single day. Exceeding this limit results in immediate account suspension.
2. Maximum Loss
The total allowable drawdown is another critical aspect of risk management. If a trader’s losses exceed this limit, the account is terminated.
3. Minimum Trading Days
Quant Tekel enforces a minimum number of trading days to ensure consistency. This prevents traders from achieving the profit target with a few high-risk trades.
4. Profit Target
Traders must reach a specified profit percentage in order to pass the evaluation and move on to a funded account.
5. Trading Instruments
Quant Tekel allows traders to trade various assets, including forex, commodities, indices, and stocks. However, certain trading behaviors like news trading, scalping, and holding trades over weekends may be subject to restrictions.
Risk Management Strategies for Quant Tekel Traders
Successful traders understand the importance of risk management. Here are some key strategies:
- Position Sizing: Ensuring that each trade does not risk more than 1-2% of the account balance.
- Stop-Loss Orders: Setting stop-loss levels to prevent excessive losses.
- Risk-to-Reward Ratio: Aiming for a 1:2 or higher risk-to-reward ratio.
- Avoiding Overtrading: Trading only when high-probability setups occur.
Profit Sharing and Scaling Up
Once traders receive a funded account, they keep a percentage of their profits. Quant Tekel offers competitive profit splits, allowing traders to withdraw earnings regularly. Additionally, successful traders can scale up to larger accounts based on consistent performance.
Conclusion
Quant Tekel’s prop firm trading rules are designed to identify skilled traders while maintaining a disciplined approach to risk management. By understanding these rules and implementing effective trading strategies, traders can maximize their chances of success and enjoy a rewarding trading career. Whether you’re a beginner or an experienced trader, Quant Tekel offers a structured and supportive environment for traders to grow.
Frequently Asked Questions
How long does it take to pass the evaluation?
There is no time limit, so traders can take as long as needed.
What happens if I fail the evaluation?
Traders can retake the evaluation, sometimes with discounted fees.
Can I use expert advisors (EAs) or bots?
This depends on Quant Tekel’s specific rules regarding automated trading.
Do I need prior experience to join?
No, but having a solid trading strategy increases the chances of passing the evaluation.
What markets can I trade?
Quant Tekel allows trading in forex, stocks, commodities, and indices.
Can I hold trades over the weekend?
This depends on the evaluation account type and trading rules.
